Question

Jackson has a credit card with a 15% interest rate. his dad has a credit card with 5% interest rate. if they both charge $1000 how much more will jackson end up paying?

A) $500
B) $250
C) $100
D) $125

Answer 1

The correct answer is C, "$100."

Explanation:

1000 x 0.15 = 150

1000 x 0.05 = 50

150 - 50 = $100 difference.

I also got it correct on the test. I hope this helps!

Answer 2

The answer is C

How?- Jackson => 1000 * .15 = 150 dollars
Dad of Jackson => 1000 * .05 = 50 dollars.

150-50= 100